2018-07-12T07:42:03-05:00 2017-08-31 420714325 RSM US LLP 230 N ELM ST STE 1100 GREENSBORO NC 27401 990 2016-09-01 560163800 CAROLINA COUNTRY CLUB COMPANY CARO 9197873621 2500 GLENWOOD AVENUE RALEIGH NC 27608 JACK S SLAUGHTER GM/COO 9197873621 2018-07-10 1 FRANK LUCAS P00995244 3362724551 2016 2022-09-23 18:48:47Z JACK S SLAUGHTER 2500 GLENWOOD AVENUE RALEIGH NC 27608 15406365 0 X WWW.CAROLINACC.NET X 1918 NC THE CLUB IS A PRIVATE SOCIAL CLUB. 10 10 345 60 543671 0 0 0 11499364 10942411 20405 350 3277801 2831753 14797570 13774514 0 0 0 0 7910254 8304216 0 0 0 5780618 6268865 13690872 14573081 1106698 -798567 27604414 26027589 6378116 5597908 21226298 20429681 THE CLUB IS A PRIVATE SOCIAL CLUB 0 0 DINING ROOM AND GRILLE ROOM MAIN BAR AND GRILLE ROOM GOLF, TENNIS, SWIMMING, AND WELLNESS & YOUTH 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 49 0 1 345 1 1 1 0 0 0 1 1 917500 890686 0 X 10 10 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 0 1 1 0 NC X LAURIE NUNNERY 9197873621 2500 GLENWOOD AVE RALEIGH NC 27608 J ANDREWS BETTS PRESIDENT 1.00 X X 0 0 0 ROBERT BOYETTE VICE-PRESIDENT 1.00 X X 0 0 0 M ROBINSON RAGSDALE JR TREASURER 1.00 X X 0 0 0 ISABEL MATTOX SECRETARY 1.00 X X 0 0 0 WILLIAM JAMES BLACK JR ASST. TREASURER 1.00 X X 0 0 0 TYLER HIGHSMITH DIRECTOR 1.00 X 0 0 0 SALLY SCOTT TIPPETT DIRECTOR 1.00 X 0 0 0 JOHN F NASH DIRECTOR 1.00 X 0 0 0 DAVID M DUKE DIRECTOR 1.00 X 0 0 0 R PAXTON BADHAM JR EX-OFFICIO 1.00 X X 0 0 0 JACK S SLAUGHTER GENERAL MGR. 45.00 X 307160 0 38332 LAURIE NUNNERY CONTROLLER 45.00 X 114394 0 7340 ROBERT G YOUNG III GOLF COURSE SUPT. 45.00 X 184727 0 21165 THEODORE C KIEGIEL GOLF PROFESSIONAL 45.00 X 210207 0 27689 WILLIAM S CANNON TENNIS DIRECTOR 45.00 X 223836 0 26355 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 45.00 X 139609 0 18262 PATRICK COLLEY EXECUTIVE CHEF 45.00 X 138317 0 24909 PAUL BARON WELLNESS DIRECTOR 45.00 X 135515 0 7755 1453765 0 171807 8 0 1 0 LANDSCAPES UNLIMITED LLC 1201 ARIES DRIVE LINCOLN NE 68512 LANDSCAPING SERVICES 571015 CLANCY & THEYS CONSTRUCTION CO INC 516 WEST CABARRUS STREET RALEIGH NC 27603 CONSTRUCTION 237046 RALEIGHASSURED PARTNERS OF NC 4505 FALLS OF NEUSE ROAD STE 350 RALEIGH NC 27609 INSURANCE SERVICES 176154 REES JONES INC 55 SOUTH PARK STREET MONTCLAIR NJ 07042 GOLF COURSE DESIGN 153935 POOL PROFESSIONALS INC PO BOX 91602 RALEIGH NC 27675 POOL MANAGEMENT 119274 5 MEMBERSHIP FEES 713910 8828938 8828938 GROUNDS & GOLF FEE 713910 1215812 1130333 85479 TENNIS/SWIMMING 713910 464291 438336 25955 WELLNESS & YOUTH 713910 433370 433370 10942411 350 0 350 350 350 4405362 1631851 2773511 2341526 431985 MINIMUM CHARGES AND OTHER 713910 58242 57990 252 58242 13774514 13230493 543671 350 713282 6038702 165421 873350 513461 83046 7776 37773 30938 190269 78983 676079 88378 105473 2096455 GOLF, TENNIS & FITNESS 501143 SUPPLIES 448997 MAINTENANCE & REPAIRS 413562 MEMBER RELATIONS 316393 1193600 14573081 1116119 702673 1478358 1507536 4471366 3988347 409911 444371 214651 130902 42960795 24801755 19013292 18159040 900717 1094720 27604414 26027589 2126352 1259420 3300000 3119934 951764 1218554 6378116 5597908 X 165700 165150 8575708 9078208 12484890 11186323 21226298 20429681 27604414 26027589 X -798567 1950 X X 0 1 X 1 0 664320 664320 17246780 10139084 7107696 7726990 4542564 3184426 17322705 10120107 7202598 18159040 A/P STOCK REDEMPTIONS 32650 CAPITAL LEASE LIABILITY 91184 DEFERRED COMPENSATION 1094720 1218554 X 15406365 0 15406365 -1631851 -1631851 13774514 16204932 1631851 1631851 14573081 0 14573081 PART X, LINE 2: MANAGEMENT EVALUATED THE CLUB'S TAX POSITIONS AND CONCLUDED THAT THE CLUB HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARDS BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -1,631,851. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 1,631,851. X 0 1 X 0 1 0 JACK S SLAUGHTER GENERAL MGR. 242424 0 52250 0 12486 0 20898 0 17434 0 345492 0 0 0 ROBERT G YOUNG III GOLF COURSE SUPT. 154979 0 18594 0 11154 0 9348 0 11817 0 205892 0 0 0 THEODORE C KIEGIEL GOLF PROFESSIONAL 191790 0 18417 0 0 0 10255 0 17434 0 237896 0 0 0 WILLIAM S CANNON TENNIS DIRECTOR 213233 0 10603 0 0 0 10564 0 15791 0 250191 0 0 0 GUSTAVO C MUZZOLON ASST. GENERAL MGR. 115197 0 20210 0 4202 0 7748 0 10514 0 157871 0 0 0 PATRICK COLLEY EXECUTIVE CHEF 124757 0 13560 0 0 0 7817 0 17092 0 163226 0 0 0 PART I, LINE 1A TRAVEL EXPENSES WERE PAID FOR A TRAVEL COMPANION FOR THE FOLLOWING INDIVIDUALS: JACK S. SLAUGHTER, GENERAL MANAGER GUSTAVO MUZZOLON, ASSISTANT GENERAL MANAGER ROBERT G. YOUNG,III, GOLF COURSE SUPERINTENDENT THE BENEFITS ARE TREATED AS TAXABLE COMPENSATION TO THE EMPLOYEES. PART I, LINE 1B TRAVEL EXPENSES ARE PAID FOR THE GENERAL MANAGER AND A TRAVEL COMPANION BASED ON THE PROVISIONS SET FORTH IN HIS EMPLOYMENT AGREEMENT. TRAVEL EXPENSES FOR COMPANIONS FOR ANY OTHER EMPLOYEES ARE APPROVED BY THE GENERAL MANAGER. PART I, LINE 4B JACK S. SLAUGHTER, GENERAL MANAGER, IS A PARTICIPANT IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT 457(F) PLAN. THIS IS AN UNFUNDED PLAN. UPON RETIREMENT AT AGE 65, VESTING WILL BECOME 100%. UP UNTIL THAT TIME, VESTING IS ZERO. NO PAYMENTS WERE MADE DURING THE YEAR. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS WHO PAY MONTHLY MEMBERSHIP DUES. THE ORGANIZATION HAS CLASS A AND CLASS B COMMON STOCK. 8 SHARES OF CLASS A STOCK WERE ISSUED AND OUTSTANDING IN 2017 AND 3,295 SHARES OF CLASS B STOCK WERE ISSUED AND OUTSTANDING IN 2017. FORM 990, PART VI, SECTION A, LINE 7A THE CLUB'S MEMBERS ELECT THE BOARD OF DIRECTORS AT AN ANNUAL SHAREHOLDER MEETING BY VOTING THEIR SHARES IN PERSON OR BY PROXY. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES ONLY ACT IN AN ADVISORY CAPACITY AND DO NOT HAVE AUTHORITY TO ACT OR BIND THE CLUB LEGALLY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CONTROLLER AND THE TREASURER. THE BOARD IS THEN PROVIDED A COPY OF THE 990 BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB REQUIRES ALL DIRECTORS TO FILL OUT AND SIGN A WRITTEN CONFLICT OF INTEREST POLICY ANNUALLY. THE BOARD ALSO DISCUSSES ANYTIME A POSSIBLE CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD AND THE GENERAL MANAGER SET GOALS FOR THE UPCOMING YEAR. THE GENERAL MANAGER IS THEN EVALUATED ON HOW WELL THOSE GOALS WERE MET AND IS SCORED IN SPECIFIC AREAS. FINANCIAL BONUSES AND COMPENSATION ARE DEPENDENT UPON THE OVERALL SCORE. THE BOARD APPROVES BONUS PLANS AND SALARIES FOR KEY EMPLOYEES AS RECOMMENDED BY THE GENERAL MANAGER EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: ISSUANCE OF STOCK 5,100. REDEMPTION OF STOCK -5,650. RECEIVED DONATED SHARES OF STOCK 2,500. FORM 990 PART XII LINE 2C NO CHANGE FROM PRIOR YEAR.